Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

Atrium REIT's 1Q net income rises 17.3% to RM7.29m; declares 2.50 sen distribution

news

Updated:
  • Atrium REIT reported a net income of RM7.29 million for Q1, a 17.3% increase from last year.
  • Gross revenue rose 11.4% to RM13.27 million, driven by new tenancy at ASA5 and rental rate increases.
  • The trust declared a first interim distribution of 2.50 sen per unit, with a payment date set for May 29.
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Polygon Properties marks 9th anniversary with awards night, Playbook launch

Polygon Properties marks 9th anniversary with awards night, Playbook launch

news

Updated:
  • Polygon Properties celebrated its ninth anniversary with a Globe Gala Night, hosting 500 guests.
  • The event recognised top performers with 186 awards and launched the "Polygon Playbooks" for new joiners.
  • The agency aims to empower members and provide comprehensive real estate solutions for sustainable growth.
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Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

news

Updated:
  • Axis Real Estate Investment Trust reported an 8.3% rise in net income to RM49.87 million for 1Q2023.
  • Revenue increased by 0.5% to RM90.56 million, while net property income reached RM77.22 million.
  • The fund declared a first interim income distribution of 2.50 sen per unit, payable on May 29.
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UOA REIT unitholders vote down RM200m acquisition of three commercial properties

UOA REIT unitholders vote down RM200m acquisition of three commercial properties

news

Updated:
  • UOA Real Estate Investment Trust's acquisition of three properties for RM200 mil was rejected by unitholders.
  • The sale and purchase agreements are now null and void, with no claims between the parties.
  • A separate income distribution plan was approved, marking a setback for UOA REIT's growth strategy.
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KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

news

Updated:
  • KHPT Holdings Bhd's subsidiary, NCMI, signed a 10-year lease for a factory in Puchong at RM1.3 mil annually.
  • The complex includes multiple factory buildings and office spaces on a 193,547 sq ft site.
  • The lease, a related party transaction, requires shareholder approval at an EGM on June 25, 2026.
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Kuala Lumpur residential market hits five-year high in 4Q — JLL

Kuala Lumpur residential market hits five-year high in 4Q — JLL

news

Updated:
  • Kuala Lumpur's residential market saw strong growth in 2025, with Q4 transactions hitting a record high.
  • Selangor experienced a slight contraction, national transaction volume dipped by 1.5% but value rose by 1.3%.
  • JLL highlighted risks like rising energy costs and geopolitical tensions, but noted Malaysia's resilience.
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Wereg Properties marks milestone year with up to 100% revenue growth, expansion plans

Wereg Properties marks milestone year with up to 100% revenue growth, expansion plans

news

Updated:
  • Wereg Properties achieved a 50% to 100% increase in sales revenue over the past year.
  • Founder Ethan Leong celebrated this growth at its annual dinner, emphasising teamwork and professionalism.
  • The company plans to expand into new markets and integrate AI for enhanced services and operations.
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Forest City SFZ seen attracting global capital amid West Asia tensions

Forest City SFZ seen attracting global capital amid West Asia tensions

news

Updated:
  • The Forest City Special Financial Zone is attracting investors seeking stability amid geopolitical tensions.
  • Forest City not only has a strategic location, but it also has ready infrastructure and incentives.
  • Mohd Effandi Yusoff highlights its potential as a safe investment destination.
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Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

news

Updated:
  • Tropicana Corp Bhd is expanding in Langkawi's property market by acquiring two land parcels for RM195.88 mil.
  • First deal involves 21.03 acres in Bandar Padang Lalang, while the second is 3.12 acres in Padang Mat Sirat.
  • Acquisitions are related party transactions and will be funded through bank borrowings and internal funds.
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7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

news

Updated:
  • 7-Eleven Malaysia's subsidiary QVI Foods is acquiring agricultural land for RM19 million in Selangor.
  • The 0.86-hectare land will be used to establish a food commissary, enhancing SEM's food supply chain.
  • The acquisition is set to complete by 2Q2026 and won't significantly impact the group's finances.
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